#FreeFutures #FTSE ‘The Glorious 12th’, once again brought the start of the grouse season here in Scotland but the hills locally were mercifully quiet, everyone staying indoors to watch the FTSE making a further attempt at becoming airborne. Or perhaps the hills were peaceful, due to the local grouse & pheasant factory massively reducing production of cannon fodder. This was due to the uncertainty of permitted activities, thanks to the pandemic.
The hunt for grouse, while coming with the pretence it’s a challenge against wild birds, tends forget the animals are farmed, released on a moor, startled by beaters, then shot. It’s certainly one of these occasions where the birds probably regret learning to fly. The farmed grouse & pheasant, in normal years, can be a nuisance on the roads locally. They tend forget their preferred future intentions, instead opting to ambush unwary motorists driving past the pheasant farm, doubtless finding it hilarious watching a tourist plant their car or mobile home into a ditch while discovering single track roads don’t afford much room for manoeuvre. This year, driving past the estate which grows the traffic hazards has been a pleasure, an almost complete lack of suicidal pheasant.
The tenuous link, continuing to ask the question “Will The FTSE Fly or will it be shot down?” currently has a fairly optimistic theme, the London market continuing to feel like there is an upward underlying cycle.
However, near term below 7180 looks slightly problematic, calculating with the potential of reversal to an initial 7150 points. Given the FTSE closed the 12th at 7193, this obviously is not a massive drop requirement to the trigger level. In the even 7150 breaks, we would hope for a proper bounce at our secondary of 7127 points. We do have considerable doubts as to the reversal potential, thanks to the Blue downtrend on the chart. The market broke above this downtrend on Wednesday and, in addition, rather a lot of shares we monitor hit upward triggers. Despite what has felt like an effort to slow down the pace of rises, we’d hope the FTSE intends remain above the pandemic downtrend.
Further feeding our excuse to suggest a cheery future, the FTSE has managed, somehow, to regain its previous uptrend, trend #7 since October last year. Generally, when a price breaks below, then actually returns above a trend, there’s a pretty solid excuse for optimism. In the case of the FTSE, above 7222 points suggests ongoing traffic in the direction of 7251 points. If bettered, our secondary works out at 7357 points.
To spoil the party slightly, the FTSE still needs better 7550 to justify some fizzy wine as the London market will join the rest of developed world in exceeding the market level, prior to the Covid-19 drop last March. Have a good weekend, even though we need wait another 2 weeks for the next Grand Prix!
Trends and Targets. Past performance is not a reliable indicator of future results.
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FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 9:37:31PM | GOLD | 1753.36 | 1741 | 1736 | S | 1754 | 1758 | 1762 | 1745 | ||
| 9:39:27PM | BRENT | 70.96 | 70.48 | 70.33 | U | 71.4 | 71.72 | 71.98 | 70.8 | ||
| 9:42:42PM | FTSE | 7209.46 | 7194 | 7186 | B | 7215 | 7214 | 7226 | 7184 | ||
| 9:45:19PM | FRANCE | 6887.7 | 6856 | 6846 | S | 6872 | 6894 | 6899 | 6880 | Success | |
| 9:47:17PM | GERMANY | 15960.9 | 15814 | 15747 | C | 15898 | 15975 | 16034 | 15725 | ‘cess | |
| 9:50:44PM | US500 | 4460.87 | 4437 | 4432 | R | 4449 | 4462 | 4466 | 4434 | Success | |
| 9:55:05PM | DOW | 35531.6 | 35414 | 35281 | I | 35499 | 35532 | 35599 | 35419 | ‘cess | |
| 9:58:33PM | NASDAQ | 15086.84 | 15030 | 15014 | B | 15080 | 15098 | 15117 | 15035 | Success | |
| 10:00:59PM | JAPAN | 28094 | 27993 | 27939 | E | 28080 | 28121 | 28163.5 | 28030 |
12/08/2021 FTSE Closed at 7193 points. Change of -0.37%. Total value traded through LSE was: £ 5,413,411,006 a change of 4.45%
11/08/2021 FTSE Closed at 7220 points. Change of 0.96%. Total value traded through LSE was: £ 5,182,803,131 a change of -6.82%
10/08/2021 FTSE Closed at 7151 points. Change of 0.27%. Total value traded through LSE was: £ 5,561,861,537 a change of 12.31%
9/08/2021 FTSE Closed at 7132 points. Change of 0.14%. Total value traded through LSE was: £ 4,952,268,424 a change of -14.01%
6/08/2021 FTSE Closed at 7122 points. Change of 0.03%. Total value traded through LSE was: £ 5,759,335,075 a change of 3.28%
5/08/2021 FTSE Closed at 7120 points. Change of -0.04%. Total value traded through LSE was: £ 5,576,456,686 a change of -7.06%
4/08/2021 FTSE Closed at 7123 points. Change of 0.25%. Total value traded through LSE was: £ 6,000,336,002 a change of 33.33%
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:BBY BALFOUR BEATTY** **LSE:CASP Caspian** **LSE:CEY Centamin** **LSE:CPI Capita** **LSE:EMG MAN** **LSE:IGAS Igas Energy** **LSE:IPF International Personal Finance** **LSE:NG. National Glib** **LSE:POG Petrop etc** **LSE:QFI Quadrise** **LSE:SBRY Sainsbury** **LSE:TSCO Tesco** **LSE:VOG VICTORIA** **
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Updated charts published on : Aviva, Avacta, BALFOUR BEATTY, Caspian, Centamin, Capita, MAN, Igas Energy, International Personal Finance, National Glib, Petrop etc, Quadrise, Sainsbury, Tesco, VICTORIA,
LSE:AV. Aviva. Close Mid-Price: 420.9 Percentage Change: + 3.47% Day High: 425.8 Day Low: 412.3
Target met. Further movement against Aviva ABOVE 425.8 should improve acc ……..
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View Previous Aviva & Big Picture ***
LSE:AVCT Avacta Close Mid-Price: 119 Percentage Change: -4.72% Day High: 125.5 Day Low: 111.5
Target met. Weakness on Avacta below 111.5 will invariably lead to 97 wit ……..
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View Previous Avacta & Big Picture ***
LSE:BBY BALFOUR BEATTY. Close Mid-Price: 318 Percentage Change: + 1.27% Day High: 320.2 Day Low: 314
All BALFOUR BEATTY needs are mid-price trades ABOVE 320.2 to improve acce ……..
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View Previous BALFOUR BEATTY & Big Picture ***
LSE:CASP Caspian. Close Mid-Price: 3.15 Percentage Change: + 6.78% Day High: 3.2 Day Low: 2.95
Target met. In the event of Caspian enjoying further trades beyond 3.2, t ……..
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View Previous Caspian & Big Picture ***
LSE:CEY Centamin Close Mid-Price: 95.28 Percentage Change: -1.83% Day High: 97.84 Day Low: 95.58
Continued weakness against CEY taking the price below 95.58 calculates as ……..
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View Previous Centamin & Big Picture ***
LSE:CPI Capita. Close Mid-Price: 47.97 Percentage Change: + 1.18% Day High: 48.68 Day Low: 46.78
In the event of Capita enjoying further trades beyond 48.68, the share sh ……..
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View Previous Capita & Big Picture ***
LSE:EMG MAN. Close Mid-Price: 219.1 Percentage Change: + 1.20% Day High: 220 Day Low: 216.8
All MAN needs are mid-price trades ABOVE 220 to improve acceleration towa ……..
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View Previous MAN & Big Picture ***
LSE:IGAS Igas Energy Close Mid-Price: 13.7 Percentage Change: -11.61% Day High: 13.5 Day Low: 13.5
In the event Igas Energy experiences weakness below 13.5 it calculates wi ……..
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View Previous Igas Energy & Big Picture ***
LSE:IPF International Personal Finance Close Mid-Price: 152 Percentage Change: -0.91% Day High: 156.8 Day Low: 152.6
Should International Personal Finance enjoy further trades beyond 157, the ……..
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View Previous International Personal Finance & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 950.5 Percentage Change: + 0.28% Day High: 954.2 Day Low: 948.6
Target met. In the event of National Glib enjoying further trades beyond ……..
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View Previous National Glib & Big Picture ***
LSE:POG Petrop etc Close Mid-Price: 19.29 Percentage Change: -1.28% Day High: 19.72 Day Low: 19.22
If Petrop etc experiences continued weakness below 19.22, it will invaria ……..
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View Previous Petrop etc & Big Picture ***
LSE:QFI Quadrise. Close Mid-Price: 3.96 Percentage Change: + 6.17% Day High: 4.2 Day Low: 3.63
Target met. All Quadrise needs are mid-price trades ABOVE 4.2 to improve ……..
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View Previous Quadrise & Big Picture ***
LSE:SBRY Sainsbury. Close Mid-Price: 303.6 Percentage Change: + 0.36% Day High: 304.3 Day Low: 301
Further movement against Sainsbury ABOVE 305 should improve acceleration ……..
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View Previous Sainsbury & Big Picture ***
LSE:TSCO Tesco. Close Mid-Price: 241.2 Percentage Change: + 0.96% Day High: 241.85 Day Low: 238.6
Target met. All Tesco needs are mid-price trades ABOVE 241.85 to improve ……..
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View Previous Tesco & Big Picture ***
LSE:VOG VICTORIA Close Mid-Price: 3.35 Percentage Change: -6.94% Day High: 3.6 Day Low: 3.35
Weakness on VICTORIA below 3.35 will invariably lead to 2.75 with seconda ……..
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View Previous VICTORIA & Big Picture ***